This paper continues the study of orthonormal bases (ONB) of L2[0,1]\documentclass[12pt]{minimal}
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\begin{document}$L^{2}[0,1]$\end{document} introduced in Dutkay et al. (J. Math. Anal. Appl. 409(2):1128–1139, 2014) by means of Cuntz algebra ON\documentclass[12pt]{minimal}
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\begin{document}$\mathcal{O}_{N}$\end{document} representations on L2[0,1]\documentclass[12pt]{minimal}
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\begin{document}$L^{2}[0,1]$\end{document}. For N=2\documentclass[12pt]{minimal}
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\begin{document}$N=2$\end{document}, one obtains the classic Walsh system. We show that the ONB property holds precisely because the ON\documentclass[12pt]{minimal}
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\begin{document}$\mathcal{O}_{N}$\end{document} representations are irreducible. We prove an uncertainty principle related to these bases. As an application to discrete signal processing we find a fast generalized transform and compare this generalized transform with the classic one with respect to compression and sparse signal recovery.